Segmented results: Westport Light-Duty (LD) revenue up 182.2% to $30.7 million, Cummins Westport (CWI) revenue up 78.5% to $57.0 million with 1,972 engines shipped, and Westport Heavy-Duty (HD) revenue up 111.3% to $4.3 million with 75 systems shipped. Service and other revenue was $14.1 million. Although not consolidated, Weichai Westport revenue was up 205.8% with 5,331 engines shipped in the quarter.
wprt said US doubling a year China tripling in lng use in vehicles So in a year or two ng sales should help this stock Wprt said they and weicy are setting profit low on partnership with weicy to get market share They expect the volume will lower cost and so why doing Factory can now produce 40,000 vehicles per year
If you listen to the conference call The profit is low there Many in the business Its a small part of wechai business right now Wechai is the best but most buyers in China want price So they are operating on a low profit They need volume and after volume they may do better Yes maybe in a few years it may effect weichao profits but not now
"The global demand for Westport's and its joint venture's products is growing significantly. As a result of the increase in demand, we have doubled the plant capacity in the Weichai Westport facility to be able to produce up to 40,000 engines annually."
Income from investment accounted for by the equity method for the three months ended June 30, 2012 was $1.0 million, which related to Westport's 35% interest in Weichai Westport (WWI) of $1.1 million and a loss in the Westport's 50% interest in Minda-Emer Technologies Ltd. of $0.1 million. This is compared with Westport's 35% interest in WWI of $0.4 million in the prior year period. CWI's net income attributable to Westport was $3.6 million, an increase of 24.1% compared with $2.9 million in the prior year period.